FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by dayandacool Yesterday at 11:31 pm

» CSE listed companies...Failed or collapsed
by High-flyer Yesterday at 9:14 pm

» L B FINANCE PLC (LFIN.N0000)
by kanishkaecomm Yesterday at 5:17 pm

» කොටස් වෙළඳපොළ2020
by කොටස් වෙළඳපොළ2020 Yesterday at 11:52 am

» 14 May onwards -Road Clear to Enter one of the Asias Most Undervalued Stock Market
by kalu351 Yesterday at 6:34 am

» Plantation Sector
by කොටස් වෙළඳපොළ2020 Fri May 14, 2021 10:13 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Fri May 14, 2021 9:50 pm

» Company Financials or Group Financials?
by ronstyn53 Fri May 14, 2021 8:07 pm

» Banking Sector Analysis
by ADVENTUS Fri May 14, 2021 7:34 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Bakkabwoi Fri May 14, 2021 5:24 pm

» Grain Elevators Earnings Review With Q1 Results
by EquityChamp Fri May 14, 2021 10:11 am

» What will happen tomorrow?
by Lakshman wijayawardhana Fri May 14, 2021 9:57 am

» Most Undervalued Shares
by Lakshman wijayawardhana Fri May 14, 2021 9:54 am

» Future of Talawakelle Plantation PLC
by කොටස් වෙළඳපොළ2020 Fri May 14, 2021 5:02 am

» GLAS will be winner with Super Gain.
by invest thinker Thu May 13, 2021 11:59 am

» NEVER GIVE UP BECAUSE: Stock market for beginners
by Asoka Samarakone Wed May 12, 2021 9:37 pm

» Make it your goal to stay positive in a negative market
by reyaz Wed May 12, 2021 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Wed May 12, 2021 8:32 pm

» Ban of chemical fertilizers is a great news
by samaritan Wed May 12, 2021 9:59 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Wed May 12, 2021 9:48 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Mackwoods Energy PLC - MEL

Mackwoods Energy PLC - MEL

Go down  Message [Page 1 of 1]

1Mackwoods Energy PLC - MEL Empty Mackwoods Energy PLC - MEL Tue May 12, 2015 12:52 am

investcsesl

investcsesl
Expert
Expert
Mackwoods Energy PLC - MEL


My target price for MEL is Rs. 7.50 – Rs. 8.00 within one month, on or before 10th June 2015 and to reach all time high for long term investment.

I think it is worth buying MEL at current pricing levels (Between Rs. 6.20 to Rs. 6.50) for an investment due to following reasons;

·         - Net Asset Value per share – Rs. 7.25 as at 31 December 2014

·         - Director purchased 54,988 shares between 6.30-6.50 during 17 to 19 March 2015

·         - All time low – Rs. 5.80

·         - All time high – Rs. 16.30

·         - IPO Price – Rs. 14.00

·         - Currently trading at Rs. 6.20


·         - Dividend per share – Rs. 0.10 (Expected within 03 months)

·         - Top 20 share holding - 95.93%

·         - Company is managing funds effectively for new developments without going for right issues

·         - Future potential in the renewable energy segment in the country and therefore specially in the Hydro / wind and Solar power segments, MEL can perform better in coming years

Please note that I have observed artificial downward pressure in the share price and collection at the same time between Rs. 6.50 to Rs. 6.20.


MEL is a risk free investment and value for money at current prices.

2Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Tue May 12, 2015 11:52 am

Raj Rajaratnam

Raj Rajaratnam
Senior Equity Analytic
Senior Equity Analytic
Are you sure MEL going to pay a dividend?
It's operating with a loss for last 9 months in 2015. I dont think the business had a superb last quarter.
This is Chris Nonis's company. Do you think there will be support from the current government for get new business opportunities? 
Attractive business model and good management, but not sure about short term prospects.....
Experts please give your comments on MEL.................

3Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Tue May 12, 2015 11:44 pm

investcsesl

investcsesl
Expert
Expert
Below is the comparison of quarter wise Earnings Per Share (EPS) of MEL

PeriodFY 2013-14 EPSFY 2014-15 EPS
1st Quarter - 30th June+0.06-0.06
2nd Quarter – 30th September+0.09+0.06
3rd Quarter – 31st December+0.01-0.03
4th Quarter – 31st March+0.38Pending
 
Yes, company has incurred a marginal accumulated loss of -0.02242 per share up to 31st December 2014.

But, It shows 4th Quarter is the dominant part of earnings in the financial year. I don’t think the company has incurred un-forcing hit during last quarter when considering the weather pattern.

Also please note all the hydro power companies have done better during fourth quarter of FY15.


I’m not recommending the share to buy at Rs. 14/= as we saw in the initial attachment from the expert research, But I’m highlighting the value of it at 56% discounted price of Rs. 6.20 -6.50.

4Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed May 13, 2015 2:41 am

Teller

Teller
Moderator
Moderator
Running with a huge loss. How can they pay in coming quarters? im not confident about their growth


_________________




Teller said is said..

5Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed May 13, 2015 12:02 pm

Raj Rajaratnam

Raj Rajaratnam
Senior Equity Analytic
Senior Equity Analytic
May be Chris Nonnis using some kind of creative accounting for the 4th Quarter....
But interesting analysis. Appreciated investcsesl...... Thank you
I have already MEL in my watch-list...........

6Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed May 13, 2015 12:18 pm

investcsesl

investcsesl
Expert
Expert
@Raj Rajaratnam wrote:May be Chris Nonnis using some kind of creative accounting for the 4th Quarter....
But interesting analysis. Appreciated investcsesl...... Thank you
I have already MEL in my watch-list...........

Thanks Raj, I feel I'm not alone. 

I don't want MEL to present a creative accounting for the 4th quarter. What I'm expecting is the real picture of on going projects and pending Proposals.

Unfortunately I'm not in a position to buy nowadays. I will let you know the reason later. If you can collect at 6.20 - 6.30 levels, I will buy the full quantity from you at 6.50 after one month period if the company reports are not much attractive, otherwise you will not sell me at that level.

7Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 03, 2015 10:43 pm

investcsesl

investcsesl
Expert
Expert
Below is the updated table with the latest results.

PeriodFY 2013-14 EPSFY 2014-15 EPS
1st Quarter - 30 June+0.06-0.06
2nd Quarter – 30th September+0.09+0.06
3rd Quarter – 31st December+0.01-0.03
4th Quarter – 31st March+0.38+0.26
Total+0.49+0.24
 
It is nice to see a positive result at the end resulting NAV to cross Rs. 7.50.

Turnover increased by 3.4% but due to pressure in margin, and increased operational expenses cause the reduction of final profit.

But I got to know Mackwoods Generators are having good reputation among industrial zones and therefore with the aggressive sales promotional activities, company will secure better profit margins in the future.
   
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=MEL.N0000:CSE
 
Mackwoods Energy PLC - MEL Mel_su10


I don’t think this is a company should be traded very close to the all time law of 5.8. This is a very good opportunity for medium term investors to buy and hold MEL between 6.2 - 6.5 due to below reasons.

a)      IPO price Rs. 14.00
b)      Only 1.32 million shares in the free float according to FT
c)       96% shares in the hand of Top 20 list and balance only 3.9 million shares
d)      MEL can be a victim of big players due above reasons as they only need Rs. 20 million cash injection to move the share back to Rs. 14. (Calculation will be shown separately in – “Why big players behind illiquid shares”)

8Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 03, 2015 11:11 pm

Teller

Teller
Moderator
Moderator
For me so far i dont see a much reasonable earnings from MEL. All Hydro power units run with maximum efficiency with high profit but MEL unable to perform so far. We have to wait till next 2_3 quarters. So far MEL stands for The lowest earnings in the sector....


_________________




Teller said is said..

9Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 03, 2015 11:21 pm

BvsB

BvsB
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@investcsesl wrote:Below is the updated table with the latest results.

PeriodFY 2013-14 EPSFY 2014-15 EPS
1st Quarter - 30 June+0.06-0.06
2nd Quarter – 30th September+0.09+0.06
3rd Quarter – 31st December+0.01-0.03
4th Quarter – 31st March+0.38+0.26
Total+0.49+0.24
 
It is nice to see a positive result at the end resulting NAV to cross Rs. 7.50.

Turnover increased by 3.4% but due to pressure in margin, and increased operational expenses cause the reduction of final profit.

But I got to know Mackwoods Generators are having good reputation among industrial zones and therefore with the aggressive sales promotional activities, company will secure better profit margins in the future.
   
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=MEL.N0000:CSE
 
Mackwoods Energy PLC - MEL Mel_su10


I don’t think this is a company should be traded very close to the all time law of 5.8. This is a very good opportunity for medium term investors to buy and hold MEL between 6.2 - 6.5 due to below reasons.

a)      IPO price Rs. 14.00
b)      Only 1.32 million shares in the free float according to FT
c)       96% shares in the hand of Top 20 list and balance only 3.9 million shares
d)      MEL can be a victim of big players due above reasons as they only need Rs. 20 million cash injection to move the share back to Rs. 14. (Calculation will be shown separately in – “Why big players behind illiquid shares”)

Highly Appreciate your great work...

But ,do you think MEL 's earnings justify HNWI to attract to this share...?

10Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 03, 2015 11:25 pm

BvsB

BvsB
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
One plus point- Dr.C. Nonis is in the driving seat... Wink

11Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 03, 2015 11:35 pm

Teller

Teller
Moderator
Moderator
Yes,he is in the driving seat, he can drive but has he a driving license?


_________________




Teller said is said..

12Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 03, 2015 11:44 pm

investcsesl

investcsesl
Expert
Expert
@BvsB wrote:

But ,do you think MEL 's earnings justify HNWI to attract to this share...?
Thanks BvsB. I don't find any risk entering MEL at current prices. No need big HNWI to enter to drive back as very little shares in the free float.

13Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 03, 2015 11:52 pm

investcsesl

investcsesl
Expert
Expert
@Teller wrote:For me so far i dont see a much reasonable earnings from MEL. All Hydro power units run with maximum efficiency with high profit but MEL unable to perform so far. We have to wait till next 2_3 quarters.  So far MEL stands for The lowest earnings  in the sector....
I agree with you Teller, still MEL has to improve in some areas to show the sustainable profits. 

But if we wait till 2 - 3 quarters to see the actual turnaround, we will not be able to grab the current opportunity. 

Big companies in the sector such as VPEL trading above 3.3 times NAV. But still MEL is 17% below the NAV.

14Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Thu Jun 04, 2015 12:52 am

investcsesl

investcsesl
Expert
Expert
Below workings shows how MEL can be beaten by the big players without putting single cash from the pocket.

http://forum.srilankaequity.com/t43566-why-big-players-behind-illiquid-shares#267825

15Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Thu Jun 04, 2015 5:03 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
6.1 best buy.earlier I bought even at 5.9 and dumped 60000 shares 7.5 and 7.6

16Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Thu Jun 04, 2015 11:17 am

investcsesl

investcsesl
Expert
Expert
@nimantha80 wrote:6.1 best buy.earlier I bought even at 5.9 and dumped 60000 shares 7.5 and 7.6
Thanks for sharing your experience nimantha80. You have picked the exact bottom at that time and rewarded a plus point from me. 

During last down turn even Director has purchased 54,988 shares between 6.30-6.50 during 17 to 19 March 2015 giving 20 -30 cents premium for last quarter profits. 


Therefore I think no much of selling can be expected between 6.30 to 6.50 except some change hands from own accounts.

17Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 10, 2015 1:16 am

TraderCSE


Manager - Equity Analytics
Manager - Equity Analytics
investcsesl, I'm following all your posts with good analysis. Appreciate your input. 
As I mentioned to Teller and Raj Rajaratnam, I lost almost all my money trading with PCH, PCHH, PCP, Greg Warrants, TWOD, Blue, CITK, CLPL warrants, JKH Warrants, BIL, REEF Warrants, CLND etc.... 

I bought OSEA, Sold JKH Warrants, Bought AEL and little of MEL. But my broker told me lot of selling of MEL from the director (chris nonis) at 6.20 so don't buy. What is the reason for it?

18Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 10, 2015 7:57 am

investcsesl

investcsesl
Expert
Expert
@TraderCSE wrote:investcsesl, I'm following all your posts with good analysis. Appreciate your input. 
As I mentioned to Teller and Raj Rajaratnam, I lost almost all my money trading with PCH, PCHH, PCP, Greg Warrants, TWOD, Blue, CITK, CLPL warrants, JKH Warrants, BIL, REEF Warrants, CLND etc.... 

I bought OSEA, Sold JKH Warrants, Bought AEL and little of MEL. But my broker told me lot of selling of MEL from the director (chris nonis) at 6.20 so don't buy. What is the reason for it?
Dear TraderCSE
Sorry to hear that you lost trading with craps in the above list. It’s really unfortunate that JKH Warrants also in that list due to some aggressive promotions causing JKH warrants trading at the premium price.


OSEA and AEL will be a short to long term good investments, but little margin for trading.
With respect to MEL, I found the real value of it at Rs. 6.20 that’s the reason I posted this thread. But the share was being in the collection mode and therefore it was disturbed the first phase of collection by some big parties.


Thank you for sharing the information. I don’t want to know who your broker is, but I don’t expect Dr. Chris Nonis to sell a single share as low as Rs. 6.20. Also if you see the annual reports and quarterly financial statements he has not sold a single share after the IPO.
Your same broker (one day after they finished the collection) will tell you that the director is now buying so better to buy, but at a price 10-15% higher than the current price.


Yes, I too have noticed some artificial downward push by a manipulator at the last hour of trading so that share price will be ended up in a negative note and they can collect at lower price next day morning when traders sells due to margin calls.


Anyway, this is not a time for you to trade with MEL on margins, but if you buy and hold for minimum of one year, you will get the real benefit out of it.

19Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 10, 2015 10:21 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
MEL some interest.

20Mackwoods Energy PLC - MEL Empty Re: Mackwoods Energy PLC - MEL Wed Jun 10, 2015 11:22 am

investcsesl

investcsesl
Expert
Expert
Better timing will give you better results so better to be patient.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum